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Common weights were 50, 10, 5 and one tael. Before the year 1840 the government of the Qing dynasty had set the official exchange rate between silver sycees and copper-alloy cash coins was set at 1,000 wén for 1 tael of silver before 1820, but after the year 1840 this official exchange rate was double to 2,000 wén to 1 tael. [5]
The copper coinage of the Qing dynasty was officially set at an exchange rate of 1000 wén (or cash coins) for one tael of silver, however actual market rate often changed from low as 700 wén for 1 tael of silver to as high as 1200 wén for a single tael of silver during the 19th century. The actual exchange rates were dependent on a variety ...
[1] [2] In Japan and Vietnam the term 貫 would continue to be used until the abolition of cash coins in those respective countries. During the Qing dynasty a string of 1000 cash coins valued at 1 tael of silver, although variants of regional standards as low as 500 cash coins per string also existed.
The square hole in the middle of cash coins served to allow for them to be strung together in strings of 1000 cash coins and valued at 1 tael of silver (but variants of regional standards as low as 500 cash coins per string also existed), [82] 1000 coins strung together were referred to as a chuàn (串) or diào (吊) and were accepted by ...
For silver currencies the standardised government currency units were 1 Kuping tael (庫平兩) = 10 mace (錢) = 100 candareen (分) = 1000 cash (厘 / 釐) for taels, which were based on units of weight, [78] [79] while the round silver coins were standardised at 1 yuan or dollar (元 / 圓) = 10 jiao or hou (角 / 毫) = 100 fen or sin (分 ...
A Guāng Xù Yuán Bǎo (光緒元寶) coin of 10 cash A banknote of 1 chuàn (串, a string of cash coins) or 1000 cash. The wen was one of the chief units of currency in China and was used to denominate both coins and paper money. Other denominations were used, including various weights, based on the tael system, for sycee silver and gold ...